Loading…
Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange rose Rs 9 to Rs 2,642 per quintal on Thursday for September delivery. Speculators added fresh positions with open interest of 41,940 lots.
The move was attributed to firm spot demand from cattle-feed makers.
Firm domestic demand from feed makers supports Indian cottonseed meal prices, a modest bullish signal for cottonseed meal as a feed ingredient. The move is a routine futures fluctuation rather than a supply shock.
devdiscourse.comPTIAug 25, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
